RBNZ fails to deliver, Riksbank boosts SEK
The RBNZ failed to deliver the dovish shift the market was looking for, but not looking for this to encourage a large follow on move. Today’s Riksbank sets the tone for SEK at pivotal chart levels.
The looming Sino-US trade war has already sent shudders through global financial markets and if it escalates much further, the fallout could be immense. But amid all the gloom, some pockets of Australian industry could benefit nicely from Chinese tariffs on US goods.
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